Tech
Eight out of ten consumers in the United States have a home data network and more than one-third connect entertainment systems, gaming consoles and other smart devices to the Internet, increasing the risk of home cyberattacks, according to a new study. The survey, by Zogby Analytics for the Hartford Steam Boiler Inspection and Insurance Company […]
By Canadian Underwriter | January 25, 2017
2 min read
Robo-technology is expected to be part of the mix for most polled U.S. financial firms looking to enhance their existing service models, suggest a new survey from Vestmark, Inc. Feedback was captured during a webinar last month attended by 150 asset managers, consultants, broker dealers, registered investment managers and other financial firms, and hosted by […]
PARIS – In a city hit by chronic pollution and traffic problems, Paris officials are experimenting with a self-driving shuttle linking two train stations in the French capital. Two electric-power EZ10 minibuses, which can carry up to six seated passengers, were put into service Monday and will be tested until early April between the Lyon […]
By Jason Contant | January 25, 2017
Aon Global Risk Consulting announced on Tuesday its Cyber Captive Program, which guides companies through a series of steps to help identify, assess and quantify their cyber exposures – “ultimately making more informed decisions around risk retention in a captive as well as providing broad form risk transfer capacity of potentially up to US$400 million.” […]
By Canadian Underwriter | January 24, 2017
Legal / Regulation
MONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model year, 3.5 per cent of all auto sales in the province will have to be […]
By Jason Contant | January 24, 2017
3 min read
LexisNexis Risk Solutions has advanced its proprietary technology for insurance telematics programs in the U.S. to ensure the policyholder and driver are the same, contributing to a true picture of driver behaviour and improving consumer experience. “Up until now, U.S. insurers offering usage-based insurance (UBI) policies needed to trust that the policyholder was the person […]
KTX Insurance Brokers Ltd. is looking to respond to consumer demand to interact online with the launch of a new mobile app that allows policyholders to access both advice from licensed brokers and self-serve their insurance policies online. Through the mobile app for iOS and Android, brokerage clients will be able to manage their insurance […]
The U.S. Department of Transportation (DOT) has announced that it has designated 10 “proving ground” pilot sites to encourage testing and information sharing related to automated vehicle technologies. Former U.S. Transportation Secretary Anthony Foxx announced the designations last week before Donald Trump became the president of the United States on Jan. 20. The DOT said […]
By Canadian Underwriter | January 23, 2017
HR
triOS College Business Technology Healthcare announced on Monday that it will be introducing a new insurance diploma and insurance specialist diploma program beginning in the spring of 2017. The program is designed to address the huge need for individuals to replace a retiring workforce in the insurance industry, with a sole focus on property and […]
Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of OMERS Administration Corporation. “If rule-making authority is not part of the new FSRA, then it […]
By Angela Stelmakowich | January 20, 2017
4 min read
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